GREY:CRVNF - Post by User
Comment by
TheRedon Jun 02, 2004 3:45pm
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Post# 7563391
RE: Anyone else invested in this Company?
RE: Anyone else invested in this Company?A few shares. This was picked up as a bet on management and future production growth, not for the immediate "pop" potential. I will expect some substantive drilling results come early 2005.
Find belongs in a diversified portfolio of o&g stocks (such as perhaps burgoyne's 10 o&g co. stock portfolio, we own 12). It does not belong in a portfolio with only one, two or very few o&g stocks, in my very subjective belief, unless of course, you know something that the rest of us do not know.
For example, ND/CF (Q104) = 2.6 according to my calculations. That is high. ND=cash flow; CF=operating cash flow.
On the other hand, if a struggling, growing company like FE can increase production and margins in this commodity price environment, the incremental increase in company value could be significant.
Careful investing -The Red